Python program for compound interest

Python program for compound interest

Discover the compound interest program in Python: Here, we will figure out how to locate the

compound interest in Python when guideline sum, the pace of interest and time is given?

Given rule sum, rate and time and we need to locate the compound interest in Python.

Ascertain compound interest To ascertain compound interest,

    P(1 + R / 100)T

we utilize the accompanying equation

Where,

  • P – Principle sum
  • R – Rate of the interest, and
  • T – Time in the years

Example:

    Input:
    p = 250000
    r = 36
    t = 1

    # formula
    ci =  p * (pow((1 + r / 100), t)) 
    print(ci)

    Output:
    339999.99999999994

Python program to get compound interest:

# Python program to find compound interest 

p = float(input("Enter the principle amount : "))
r = float(input("Enter the rate of interest : "))
t = float(input("Enter the time in the years: "))

# calculating compound interest
ci =  p * (pow((1 + r / 100), t)) 

# printing the values
print("Principle amount  : ", p)
print("Interest rate     : ", r)
print("Time in years     : ", t)
print("compound Interest : ", ci)

Output:

First run:
Enter the principle amount : 10000
Enter the rate of interest : 3.5
Enter the time in the years: 1
Principle amount  :  10000.0
Interest rate     :  3.5
Time in years     :  1.0
compound Interest :  10350.0

Second run:
Enter the principle amount : 250000
Enter the rate of interest : 36
Enter the time in the years: 1
Principle amount  :  250000.0
Interest rate     :  36.0
Time in years     :  1.0
compound Interest :  339999.99999999994

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